Royal London wins ombudsman case after blocking suspect pension transfer

Claimant Donna-Marie Hughes had sought to transfer her £8,360 personal pension into the Babbacombe Road 1973 Limited small self-administered scheme (SSAS), which was registered with HM Revenue & Customs in July 2014. Hughes would have become a trustee under the rules of the receiving scheme, which she was introduced to after being cold called by a Derby-based company known as First Review Pension Services. Royal London initially refused her request in September 2014 amid concerns that any payments to the receiving scheme would not be used for the purposes of providing pension benefits...